India is the new tech outsourcing destination for ride-hailing companies. Southeast Asia’s Grab and Go-Jek both have sizable engineering teams in the country, and now that duo is joined by another billion-dollar company. Careem, which is based in the Middle East and valued at over $1 billion, has entered the fray after it snapped up the […]
View More Middle East’s Careem is the latest ride-sharing unicorn to get an India-based tech teamCategory: Sequoia India
Southeast Asia’s Fave raises $20M and adds mystery strategic investor from China
So you thought group-buying was dead?! Not in Southeast Asia where Fave, a company that aims to connect local merchants with customers using discount sales, has closed a $20 million Series B round as it explores expansion opportunities. The startup began as fitness subscription service KFit, but it pivoted group-buying and coupons after it acquired Groupon’s […]
View More Southeast Asia’s Fave raises $20M and adds mystery strategic investor from ChinaSequoia wraps up new $695M fund for India and Southeast Asia
Sequoia has announced the close of its newest fund for India and Southeast Asia. The firm has raised $695 million for this fund, which is its fifth since it expanded into India 12 years ago. Reports at the beginning of this year suggested that the firm was shooting for a $1 billion fund, perhaps influenced by […]
View More Sequoia wraps up new $695M fund for India and Southeast AsiaNaspers is in talks to invest in Southeast Asia’s Carousell
Naspers, the South Africa-based firm that famously backed Chinese giant Tencent in its infancy, is in talks to invest in Singapore-based startup Carousell, according to two sources with knowledge of discussions. Carousell offers a mobile app that combines listings with peer-to-peer selling across Southeast Asia, Taiwan and Hong Kong. That makes it well-aligned with Naspers’ portfolio, […]
View More Naspers is in talks to invest in Southeast Asia’s CarousellSoutheast Asia fashion startup Zilingo continues its meteoric rise with $54M Series C
Many will rightly say that raising money as a startup in Southeast Asia is no easy thing, but up-and-coming online fashion service Zilingo sure doesn’t seem to have problems on that front. Fresh from raising an $18 million Series B round last September, Zilingo has announced its $54 million Series C to take it to […]
View More Southeast Asia fashion startup Zilingo continues its meteoric rise with $54M Series C